SINSO Token
Learn about the SINSO cryptocurrency
What is the SINSO Token
SINSO token is used for the Web3.0 data ecosystem
As a liquidity medium for users' production, storage,
transaction, incentive, audit, and circulation of data assets
and NFT, it can also be used for claiming service discounts,
liquidity pledges, mining, etc.
Overview of the
SINSO Token
Token Utility
SINSO sets the construction of Filecoin layer2 as its core task and
will reward all behaviors conducive to Filecoin in the SINSO network.
1
SINSO encourages the storage of effective data in Filecoin by
providing the construction of distributed cache nodes as well as
fast storage channels. SINSO tokens will be used to reward
effective data storage.
2
Data DAO, as an organization with data governance at its core,
will adopt SINSO tokens into its governance system. The rights to
vote and dividends preference will be attained by staking SINSO
tokens.
3
Using SINSO, one can publish NFTs of the dynamic data sets on the
FVM side chain. Some SINSO tokens will be staked to issue the NFT,
and some will be burned as a commission fee for transactions. In
addition, our regular contract execution will also consume SINSO
tokens as gas fees, which will be much cheaper compared to FVM
main chain.
4
Mining nodes bound to valid data protocol stacks will be rewarded
one-fivefold, and developer nodes providing valid data protocols
will be rewarded one-fivefold as well. Uploading real business
data to nodes consumes SINSO tokens as gas, but is rewarded with
FIL tokens during the LDN (Large Datacap) promotion period.
Token Utility
SINSO sets the construction of Filecoin layer2 as its core task and
will reward all behaviors conducive to Filecoin in the SINSO network.
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